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DeepOcean Group has signed a deal to acquire Norwegian engineering and technology company Installit and all its units.

DeepOcean's scope of work includes pipeline inspections, seabed mapping, and ad-hoc pipeline survey and light construction work.

DeepOcean AS, a unit of DeepOcean, has signed a long-term strategic partnership deal with Aker BP.

DeepOcean has signed a two-year time charter deal with Simon Mokster Shipping for its multi-purpose support vessel.

DeepOcean has successfully mobilized its first Autonomous Inspection Drone.

DeepOcean will provide subsea construction and IMR (inspection, maintenance and repair) services for the Stabroek block.

DeepOcean increased its profit last year.

The four-year agreement has options for an extension of up to four more years.

The scope of work includes project management, engineering, and execution of subsea services.

DeepOcean has been awarded substantial contracts from Equinor, ConocoPhillips, and BP worth over $200 million.